JPMorgan Chase lowered shares of Andeavor (NYSE:ANDV) from an overweight rating to a neutral rating in a report issued on Monday, Marketbeat reports. The firm currently has $131.00 price target on the oil and gas company’s stock, down from their previous price target of $144.06.

Several other research firms also recently weighed in on ANDV. Citigroup downgraded Andeavor from a buy rating to a neutral rating and decreased their target price for the company from $144.08 to $80.46 in a research report on Thursday, May 10th. ValuEngine upgraded Andeavor from a buy rating to a strong-buy rating in a research report on Friday, April 27th. Wells Fargo downgraded Andeavor from an outperform rating to a market perform rating in a research report on Tuesday, May 8th. Jefferies Group upgraded Andeavor from a hold rating to a buy rating and set a $108.00 target price on the stock in a research report on Thursday, May 3rd. Finally, Morgan Stanley downgraded Andeavor from an overweight rating to an equal weight rating and set a $145.00 target price on the stock. in a research report on Tuesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $125.97.

Shares of Andeavor opened at $140.71 on Monday, Marketbeat reports. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. Andeavor has a 12-month low of $139.27 and a 12-month high of $141.40.

Andeavor (NYSE:ANDV) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.81). The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.79 billion. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. research analysts predict that Andeavor will post 9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a dividend of $0.59 per share. The ex-dividend date is Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a yield of 1.68%. Andeavor’s payout ratio is 36.48%.

In related news, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total transaction of $22,826,628.00. Following the transaction, the director now owns 1,379,220 shares in the company, valued at $148,224,773.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul L. Foster sold 5,880 shares of Andeavor stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $141.41, for a total value of $831,490.80. Following the transaction, the director now owns 1,349,034 shares in the company, valued at approximately $190,766,897.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 884,295 shares of company stock worth $109,257,763. 7.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of ANDV. DnB Asset Management AS increased its stake in Andeavor by 9.2% during the fourth quarter. DnB Asset Management AS now owns 19,000 shares of the oil and gas company’s stock worth $2,172,000 after acquiring an additional 1,600 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Andeavor by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,194 shares of the oil and gas company’s stock worth $8,140,000 after acquiring an additional 483 shares during the last quarter. Bank of Montreal Can increased its stake in Andeavor by 14.5% during the fourth quarter. Bank of Montreal Can now owns 83,632 shares of the oil and gas company’s stock worth $9,563,000 after acquiring an additional 10,603 shares during the last quarter. National Pension Service increased its stake in Andeavor by 10,111.4% during the fourth quarter. National Pension Service now owns 162,055 shares of the oil and gas company’s stock worth $18,529,000 after acquiring an additional 160,468 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its stake in Andeavor by 2.1% during the fourth quarter. Spirit of America Management Corp NY now owns 86,831 shares of the oil and gas company’s stock worth $9,928,000 after acquiring an additional 1,750 shares during the last quarter. 79.27% of the stock is owned by institutional investors.

Andeavor Company Profile

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

Analyst Recommendations for Andeavor (NYSE:ANDV)

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